Jan 28, 2021 | Current Affairs
The current UK tax system discourages employment, investment and corporate risk-taking and should be reformed, a report by the Institute for Fiscal Studies (IFS) says.According to new research conducted by the IFS, employees’ salaries currently attract thousands of...
Jan 27, 2021 | Current Affairs
The Federation of Small Business (FSB) has called for “urgent action” to reduce the upfront costs of unemployment, as rates reach record highs.The news comes as the UK’s unemployment rate has increased to 5% in the three months to November 2020, up from 4.9%, the...
Jan 26, 2021 | Current AffairsGovernment Announcements
HMRC will waive fines for self-assessment tax returns that miss the midnight deadline on 31 January 2021, as long as they are filed by 28 February 2021.The tax authority is still encouraging anyone who has not yet filed their 2019/20 tax return to do so to file by the...
Jan 25, 2021 | Current Affairs
Almost nine million people were forced to increase their borrowing in 2020 as a result of the COVID-19 pandemic, the Office for National Statistics (ONS) has revealed.According to the ONS, the proportion of people borrowing £1,000 or above increased to 45% in December...
Jan 22, 2021 | Current Affairs
A warning has been issued that millions of self-assessment taxpayers could be faced with fines if they miss the tax deadline.According to the Association of Chartered Certified Accountants (ACCA), accountants are “dismayed” that HMRC is refusing to extend the deadline...
